Digital financial fraud predicted to witness rise of up to 80%

South African digital identity artificial intelligence start-up company iiDENTIFii is expanding its operations into Latin America.

The agency says as soon as the vetting processes are completed, the payments will start rolling out at a faster pace.

The company will forgo monthly cash withdrawal fees of between R18 million to R20 million while Saswitch fees are waived.

This integration ensures owners of new Huawei devices remain protected from digital banking fraud.

The new blockchain principles will help individuals and companies build trust and preserve the fundamental values of the technology.

South Africans can now use digital rands to pay for food items, facilitated by fintech firm 6DOT50.

The big-four bank deploys its crime-busting artificial intelligence technology, called Manila, to combat fraud and improve risk management processes.

The bank is engaging with several authorities to amend regulations and ease digital trade during the COVID-19 pandemic.

The payments tech firm expands its financial inclusion efforts beyond the 500 million of the past five years, looking to bring a billion people into the digital economy.

Avo, the Super App by Nedbank, matches customers' lifestyle needs to product and service offerings through powerful artificial intelligence, safe and secure payments, and bank-grade security.

The online money transfer service calls for a huge shift from informal to formal remittances through faster adoption of digital financial services.

The previous chairman of Telkom and acting CEO of Eskom is appointed as chairman designate of the multinational financial technology company.